Dominion Energy (NYSE:D) had its target price raised by Cfra from $88.00 to $92.00 in a research report report published on Tuesday, BenzingaRatingsTable reports. The firm currently has a buy rating on the utilities provider’s stock.

A number of other equities research analysts have also recently commented on D. Royal Bank of Canada reiterated a hold rating and set a $79.00 target price on shares of Dominion Energy in a report on Sunday, January 19th. JPMorgan Chase & Co. increased their target price on Dominion Energy from $78.00 to $86.00 and gave the company a neutral rating in a report on Monday, October 14th. Morgan Stanley raised their price objective on Dominion Energy from $89.00 to $91.00 and gave the stock an equal weight rating in a report on Wednesday, January 29th. Wells Fargo & Co restated a hold rating on shares of Dominion Energy in a report on Friday, November 1st. Finally, Argus raised their price objective on Dominion Energy from $83.00 to $87.00 and gave the stock a buy rating in a report on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $83.33.

NYSE:D traded up $1.22 during trading hours on Tuesday, reaching $87.46. 2,878,363 shares of the company traded hands, compared to its average volume of 2,760,044. The firm’s 50-day moving average is $83.52 and its 200-day moving average is $80.76. The stock has a market cap of $69.63 billion, a P/E ratio of 65.76, a P/E/G ratio of 4.19 and a beta of 0.22. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.51 and a quick ratio of 0.37. Dominion Energy has a 1-year low of $72.61 and a 1-year high of $86.91.

Dominion Energy (NYSE:D) last announced its earnings results on Tuesday, February 11th. The utilities provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. The firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Dominion Energy had a return on equity of 11.65% and a net margin of 6.40%. Dominion Energy’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. As a group, research analysts predict that Dominion Energy will post 4.21 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.94 per share. This is a boost from Dominion Energy’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $3.76 annualized dividend and a dividend yield of 4.30%. Dominion Energy’s dividend payout ratio (DPR) is 90.62%.

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in Dominion Energy by 1.6% in the second quarter. BlackRock Inc. now owns 56,278,211 shares of the utilities provider’s stock valued at $4,351,431,000 after acquiring an additional 892,554 shares during the last quarter. State Street Corp boosted its holdings in Dominion Energy by 6.5% in the fourth quarter. State Street Corp now owns 44,595,752 shares of the utilities provider’s stock valued at $3,693,420,000 after acquiring an additional 2,729,077 shares during the last quarter. FMR LLC boosted its holdings in Dominion Energy by 29.7% in the fourth quarter. FMR LLC now owns 13,271,178 shares of the utilities provider’s stock valued at $1,099,119,000 after acquiring an additional 3,035,361 shares during the last quarter. Gallagher Fiduciary Advisors LLC acquired a new position in Dominion Energy in the fourth quarter valued at $507,724,000. Finally, California Public Employees Retirement System boosted its holdings in Dominion Energy by 4.3% in the fourth quarter. California Public Employees Retirement System now owns 5,231,641 shares of the utilities provider’s stock valued at $433,285,000 after acquiring an additional 217,165 shares during the last quarter. Institutional investors and hedge funds own 65.43% of the company’s stock.

Dominion Energy Company Profile

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

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Analyst Recommendations for Dominion Energy (NYSE:D)

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